• Latest
  • Trending
  • All
6

Gold Prices Dip Below $3,330 After Record High as Powell Warns of Stagflation Risks

April 18, 2025
Yashasvi Jaiswal Criticized for Dancing Before English Crowd After Dropping 4 Catches: 'If Rohit Sharma Were Captain

Yashasvi Jaiswal Criticized for Dancing Before English Crowd After Dropping 4 Catches: ‘If Rohit Sharma Were Captain

June 25, 2025
India Rejoices as Falcon 9 Returns After ISS Mission with Shubhanshu Shukla Onboard

India Rejoices as Falcon 9 Returns After ISS Mission with Shubhanshu Shukla Onboard

June 25, 2025
PM Modi: No Indian Will Forget How Emergency Violated the Constitution's Spirit 2025

PM Modi: No Indian Will Forget How Emergency Violated the Constitution’s Spirit 2025

June 25, 2025
Mumbai Elites Need 109 Years to Afford a Home, Gurgaon Residents 64: Report

Mumbai Elites Need 109 Years to Afford a Home, Gurgaon Residents 64: Report

June 25, 2025
Gautam Gambhir Rejects Sunil Gavaskar’s Urgent Plea, Stands Firm on Jasprit Bumrah Criticism – “Before He Came on This Tour…” | 3 Key Reasons Why

Gautam Gambhir Rejects Sunil Gavaskar’s Urgent Plea, Stands Firm on Jasprit Bumrah Criticism – “Before He Came on This Tour…” | 3 Key Reasons Why

June 25, 2025
SpaceX’s Axiom-4 Set for Takeoff: 90% Weather Favorability Sparks Optimism for Private Space Mission

SpaceX’s Axiom-4 Set for Takeoff: 90% Weather Favorability Sparks Optimism for Private Space Mission

June 25, 2025
White House: Trump Open to Iran Diplomacy, But Questions Why Iranians Shouldn't Overthrow Regime 2025

White House: Trump Open to Iran Diplomacy, But Questions Why Iranians Shouldn’t Overthrow Regime 2025

June 24, 2025
U.S. Warns: Iran Missing 400kg of Uranium, Enough for 10 Nuclear Bombs

U.S. Warns: Iran Missing 400kg of Uranium, Enough for 10 Nuclear Bombs

June 24, 2025
Notice Issued Against Justice Shekhar Kumar Yadav as 50 MPs Confirm Signatures

Notice Issued Against Justice Shekhar Kumar Yadav as 50 MPs Confirm Signatures

June 24, 2025
IndiGo, Qatar Airways Release New Travel Guidelines as Flights Resume Post Iran-Israel Strain 2025

IndiGo, Qatar Airways Release New Travel Guidelines as Flights Resume Post Iran-Israel Strain 2025

June 24, 2025
28 Flights To Delhi Cancelled Amid Israel-Iran Tensions

28 Flights To Delhi Cancelled Amid Israel-Iran Tensions

June 24, 2025
Israel-Iran War LIVE: Iran Fires 25+ Missiles at Israel, Then Declares “Temporary Ceasefire” Amid Global Tensions

Israel-Iran War LIVE: Iran Fires 25+ Missiles at Israel, Then Declares “Temporary Ceasefire” Amid Global Tensions

June 24, 2025
  • Astrology News
  • Business News
  • Cricket News
  • Education News
  • Entertainment News
  • Fashion News
  • India News
  • Lifestyle News
  • Science News
  • Sports News
  • Startup News
  • Technology News
  • Trending News
  • World News
Wednesday, June 25, 2025
  • Login
  • Register
LocalTak
  • Home
  • My account
  • Categories
    • Astrology News
    • Business News
    • Cricket News
    • Education News
    • Entertainment News
    • Fashion News
    • India News
    • Lifestyle News
    • Science News
    • Sports News
    • Startup News
    • Technology News
    • World News
  • Advertise
  • Liberty Wire
No Result
View All Result
LocalTak
No Result
View All Result
Home Business News

Gold Prices Dip Below $3,330 After Record High as Powell Warns of Stagflation Risks

by Ismail Shaikh
April 18, 2025
in Business News, World News
241 13
0
6
494
SHARES
1.4k
VIEWS

Gold Retreats from Record High Amid Fed Stagflation Warning; Markets End Mixed

Gold prices eased on Thursday, pulling back from an all-time high of $3,357 per ounce to settle around $3,319, down 0.60% on the day. The decline came after a strong rally that saw the metal gain nearly $400 over the past seven sessions, largely fueled by uncertainty surrounding U.S. trade policy and broader macroeconomic concerns.

The market reacted to Federal Reserve Chair Jerome Powell’s remarks on Wednesday, which signaled a potential conflict between the Fed’s dual mandate of price stability and full employment. Powell acknowledged the risk of stagflation, noting, “We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension… If that were to occur, we would consider how far the economy is from each goal, and the potentially different time horizons over which those respective gaps would be anticipated to close.”

Markets Mixed as Dow Declines on UnitedHealth Drop

U.S. equities closed the week on a mixed note ahead of the Good Friday holiday. The Dow Jones Industrial Average dipped, weighed down by a sharp decline in UnitedHealth Group shares. In contrast, the S&P 500 and Nasdaq Composite posted modest gains.

Treasury yields climbed, with the U.S. 10-year note rising five basis points to 4.333%, and real yields following suit—further pressuring gold. The yield on the 10-year Treasury Inflation-Protected Security (TIPS) rose to 2.163%.

Macroeconomic Highlights: ECB Rate Cut, Strong U.S. Labor Data

In a key policy move, the European Central Bank reduced interest rates by 25 basis points, widening divergence with the Federal Reserve and contributing to volatility across global markets. Meanwhile, U.S. economic data continued to reflect resilience in the labor market. Initial jobless claims dropped to 215,000—better than both the prior week’s reading and market expectations.

Building permits rose 1.6% to 1.482 million, signaling potential strength in future construction. However, housing starts declined sharply to 1.324 million from 1.494 million, indicating near-term softness in the residential sector.

Money market traders now price in 86 basis points of Fed rate cuts by the end of 2025, with the first reduction expected as early as July.

Trade Developments and Global Policy Divergence

Former U.S. President Donald Trump struck an optimistic tone on trade negotiations, stating that talks with both the European Union and China are progressing well. His comments came amid rising tensions in global trade and a backdrop of shifting monetary policies across key economies.

Technical Outlook: Gold Maintains Bullish Structure Despite Pullback

Despite Thursday’s pullback, gold’s broader uptrend remains intact. The Relative Strength Index (RSI) remains elevated but has yet to enter extreme overbought territory, suggesting a potential short-term consolidation.

Immediate support is seen at $3,300, followed by the April 16 low of $3,229. On the upside, a breakout above $3,350 could pave the way toward testing the year-to-date high and possibly the $3,400 mark in the near term.

Also Read : PM Modi Discusses Technology and Innovation Collaboration with Tesla CEO Elon Musk

Tags: breakingnewsFederal ReserveGold PricesJerome PowellMonetary PolicyStagflation
SendTweet124Share
Ismail Shaikh<span class="bp-verified-badge"></span>

Ismail Shaikh

  • Trending
  • Comments
  • Latest
budget

Budget 2025: No Income Tax for Earnings Up to ₹12 Lakh

February 8, 2025
Ranveer Allahbadia: Mumbai Police visit YouTuber Ranveer Allahbadia's home over remarks on ‘India’s Got Latent 2025

Ranveer Allahbadia: Mumbai Police visit YouTuber Ranveer Allahbadia’s home over remarks on ‘India’s Got Latent 2025

February 11, 2025
Drones Hidden In Trucks": How Ukraine Struck 5 Airfields Deep Inside Russia

Drones Hidden In Trucks”: How Ukraine Struck 5 Airfields Deep Inside Russia

June 2, 2025
Cricket-Playing Babas at Mahakumbh Mela 2025 Go Viral in New Video

Cricket-Playing Babas at Mahakumbh Mela 2025 Go Viral in New Video

2
Thandel Box Office Day 1 Collection: Naga Chaitanya and Sai Pallavi's Romantic Thriller Starts Strong

Thandel Box Office Day 1 Collection: Naga Chaitanya and Sai Pallavi’s Romantic Thriller Starts Strong

2
Ranveer Allahbadia Faces Backlash for Inappropriate Jokes on Samay Raina's Show; Neelesh Misra Criticizes ‘Perverted Creators’

Ranveer Allahbadia Faces Backlash for Inappropriate Jokes on Samay Raina’s Show; Neelesh Misra Criticizes ‘Perverted Creators’

2
Yashasvi Jaiswal Criticized for Dancing Before English Crowd After Dropping 4 Catches: 'If Rohit Sharma Were Captain

Yashasvi Jaiswal Criticized for Dancing Before English Crowd After Dropping 4 Catches: ‘If Rohit Sharma Were Captain

June 25, 2025
India Rejoices as Falcon 9 Returns After ISS Mission with Shubhanshu Shukla Onboard

India Rejoices as Falcon 9 Returns After ISS Mission with Shubhanshu Shukla Onboard

June 25, 2025
PM Modi: No Indian Will Forget How Emergency Violated the Constitution's Spirit 2025

PM Modi: No Indian Will Forget How Emergency Violated the Constitution’s Spirit 2025

June 25, 2025
LocalTak

Copyright © 2017-2025 | All Rights Reserved by LocalTak.
Owned by ASHASWEB PRIVATE LIMITED

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • My account
  • Categories
    • Astrology News
    • Business News
    • Cricket News
    • Education News
    • Entertainment News
    • Fashion News
    • India News
    • Lifestyle News
    • Science News
    • Sports News
    • Startup News
    • Technology News
    • World News
  • Advertise
  • Liberty Wire

Copyright © 2017-2025 | All Rights Reserved by LocalTak.
Owned by ASHASWEB PRIVATE LIMITED